Commodities Daily Technical Report

Wednesday| October 10, 2012

Agricultural Commodities

Content
Technical Levels Strategy/Recommendations

Anuj Choudhary Research Associate

anuj.choudhary@angelbroking.com
(022) 2921 2000 Extn. 6132

Angel Commodities Broking Pvt. Ltd. Registered Office: G-1, Ackruti Trade Centre, Rd. No. 7, MIDC, Andheri (E), Mumbai - 400 093. Corporate Office: 6th Floor, Ackruti Star, MIDC, Andheri (E), Mumbai - 400 093. Tel: (022) 2921 2000 MCX Member ID: 12685 / FMC Regn No: MCX / TCM / CORP / 0037 NCDEX : Member ID 00220 / FMC Regn No: NCDEX / TCM / CORP / 0302

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Commodities Daily Technical Report

Wednesday| October 10, 2012

Agricultural Commodities
Technical Levels
Commodity Exchange Contract Trend S2 S1 LTP R1 R2

Spice Complex
Jeera Pepper Turmeric Chilli Coriander Cardamom NCDEX NCDEX NCDEX NCDEX NCDEX MCX Nov Nov Nov Nov Nov Oct Up Up Down Down Up Down 14200 43150 5350 4960 4440 929 14350 43380 5400 5020 4480 942 14475 43595 5444 5082 4524 955.10 14680 43900 5480 5120 4580 963 14820 44250 5520 5160 4635 976

Oilseed Complex
Soybean Mustard Seed Ref Soy Oil CPO Castor seed NCDEX NCDEX NCDEX MCX NCDEX Nov Nov Nov Oct Nov Up Up Up Up Up 3130 4075 629 409 3590 3170 4110 636 413.50 3630 3217 4141 641.30 418.50 3671 3262 4190 648 424 3710 3295 4230 654 429 3750

Others
Chana Sugar Kapas Kapas Cotton Cotton Oilseed Cake Gur Wheat Maize Barley Mentha Potato NCDEX NCDEX NCDEX MCX MCX NCDEX NCDEX NCDEX NCDEX NCDEX MCX MCX MCX Nov Nov April 2013 April 2013 Oct Dec Nov Nov Nov Nov Oct Oct Sept Up Sideways Up Up Up Up Sideways Up Up Sideways Sideways Down 4315 3290 942 937 16150 1422 1148 1535 1292 1232 1154 740 4360 3308 953 948 16280 1438 1154 1545 1308 1243 1166 752 4398 3326 962.50 957.50 16400 1452 1162 1559 1322 1255.50 1173.70 766.10 1357.20 4460 3343 975 973 16620 1470 1170 1578 1356 1274 1185 775 1370 4515 3365 988 982 16860 14800 1178 1594 1372 1285 1198 784 1382

Recommendations Mentha
Jeera

Recommendations Sideways 1333 1345

Kapas

NCDEX November Contract

NCDEX April Contract

On the daily Chart, Jeera prices closed above its 10 & 20 day EMA (Exponential Moving Average) which indicates bullish market sentiments. MACD is in the negative territory, which indicates further upside. Intraday Strategy: Buy NCDEX November Jeera between 14350-14380, SL-14180, Target- 14650/14820.

On the daily Chart, Kapas has given an upside breakout after consolidating for about 2 weeks with increasing volumes indicating bullish market sentiments. MACD is in the positive territory, and RSI is pointing up which indicates further upside. Intraday Strategy: Buy NCDEX April Kapas between 953-955, SL-938, Target- 975/988.

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